$77 Million Tax Break Approved for JPMorganChase Data Center Expansion Creating One Job
By
jaredwiener
Soft in all the wrong places. Take with a strong tea.
Summary
Rockland County Industrial Development Agency approved a $77 million tax break for JPMorganChase's data center expansion in Orangeburg, NY, which is projected to create only one job. This represents the largest subsidy per job created in the country according to watchdog groups, raising questions about the economic justification for such substantial public funding for minimal employment benefits.
Key quotes
· 3 pulledThe Rockland County Industrial Development Agency has approved a nearly $77 million proposed tax break for the expansion of a JPMorganChase data center in Orangeburg, NY.
No other project in the country has gotten such a large subsidy to create so few jobs, according to watchdogs.
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